7 Common Money Mistakes To Avoid In Your 20s

Common Financial mistakes to avoid in your 20s.
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[ollyjustin]

1. Student loans. Dont go for the sake of going.
2. Buying an expensive car.
3. Trying to impress people. Clothes, shoes, phones, etc.
4. Not making a budget. Needs? Wants?
5. Not taking risks. What's the worst that can happen?
6. Not having a growth mindset. Read books. What can I learn today?
7. Buying expensive housing.

[AshlynneEaton]

LOVE your video, Gabe! Your tip on budgeting is so important. It doesn't need to be complicated, it just needs to be done! 🙌

[calebmiller]

As a 21 year old, my worst money mistake was when I was 18! And that was by signing up for student loans. Paid those off and now working a job I love. 👍🏼

[davonpointer]

Great video, and as a man in his late 40’s, looking back this content should be taught at school.

[careerwithboris]

Not learning to budget and not having a growth mindset are really the 2 root causes of all these mistakes. You have to cut the roots to kill the weeds in your life. Awesome video!

[claudinesulla]

Here in the Philippines (don't judge please but cultures are different), it is the parents' responsibility to send their children to college. So as early as your child is a baby, you need to save for his/her college education. And when your child graduates from college, he/she doesn't need to pay in return. I finished my Nursing degree because of my hardworking parents.

[investinginothers.]

Used Cars sometimes have the extras that can also be cut back on if you want to save. I know some guys like the louder exhaust and bigger tires but that can add up.

[AhmetKaan]

*“You can’t go back and change the beginning, but you can start where you are and change the ending...”*
*―C. S. Lewis*

[glow]

Omg, two of my favourite minimalist Youtubers on a collab? So cool! Thanks for the tips, as a teen who will be twenty in a few years, I always love videos addressing advice for the younger audience.

If it wasn't for having discovered minimalism at a young age, I probably would be trapped in the same materialistic cycle like the majority of people. I'm nowhere near the financial independence level I would like to be at eventually, but it's already been a mindset that helps so much, not just in terms of finance, but also in clarity of mind and space.

[ivanmayet]

I'm still 19 and today I was going to buy some clothes just to "impress people" but now I don't think so... Great video Gabe!

[learnerlove]

On the college point>a lot of people should attend community college first. it's very affordable, often in or near the town you already live in, good class sizes, and often have a transfer program with a nearby university if you decide to go on to a full bachelor's degree.

[DemetriPanici]

Gotta love the pourover coffee! Also I'm a huge fan of Ashlynne so this was an awesome collab to see!

[stephvoth]

I'm visiting from Ashlynne's channel. I enjoyed your video, Gabe and resonate so much with your mentality and approach to life. I'm in my 30's now but I feel like you and my partner would get along well. Such wise advice - thanks for sharing! I'm so grateful for the opportunities I've had to travel, live in another country, study, work, etc. Budgeting, saving and smart spending have been a game changer. I've never owned an iPhone but get cheap phones and laptops that we use until they die (5-10 years) and it's refreshing not having to keep up with all the NEW stuff. It can be hard to be content but it does shift priorities and values. Great to connect with like-minded and inspiring people like yourself. Blessings!

[zerobasedbudget]

Stay steady and you usually have more later in life. The kids leave and no more big grocery bills. Plus you have had just about everything later so you have nothing to really buy but save. Time is the key.

[beautifulwoman]

Anyone can truly come out of anything. If you start life at the bottom and work really hard you can do anything.
Work at it, morning, noon & night.

[AhmetKaan]

*You just gotta keep going and fighting for everything, and one day you'll get to where you want.* 🦁

*I believe in you, keep your hustle up.* 🙏

[Havanah]

Gabe love this. I’m 46yrs & love listening to your content and constantly think yes yes yes as you talk. I have forwarded your content onto my 3 kids - 26yrs, 17yrs & 15yrs & encourage them if not listening to mum, listen to you lol the pressures on. What you speak is absolute truth, if only I had done what you preach in my 20s. I now play catchups in my 40s & really trying to teach my kids to be different, live different, be different, think different! It will free them up in their future. Thanks again for the messages & keep preaching - it will only make our lives richer & more fulfilled in our own lives ❤️

[robinelaeuppi]

Oh we love Ashlynne! 💗 So happy to see a colab with you guys!

[anpathm]

This is like one of those Disney crossovers. Two incredible and Christian youtubers make a collaboration. Great video!

[prioritizeonething]

I like the idea of just buying for yourself. That is where I'm at in my life now after doing so much for others in life. Just thinking how I could of started off a little more conservative.